Auto Sales In November 2023: Hero MotoCorp's Sales Jump 25% On Low Dealer Inventory

Hero MotoCorp Ltd.'s total sales jumped 25% to 4.91 lakh units as the company dispatched higher vehicles to dealerships.

The higher dispatches are to build-up inventory at dealerships that hit a three-year low after strong sales during festival season.

Sales Snapshots (YoY):

• Domestic sales grew 25.4% to 4.76 lakh units.

• Motorcycle sales rose 25% to 4.41 lakh units.

• Scooter sales up 30.6% to 49,774 units.

• Exports grew 33% to 14,764 units.

Eicher Motors Ltd.'s total motorcycle sales rose 13% to 80,251 units in November.

Sales Highlights (YoY):

• Sales of models with engine capacity upto 350cc rose 13% to 74,275 units.

• Sales of models with engine capacity exceeding 350cc rose 24% to 5,976 units.

• Exports grew 2% to 5,114 units.

TVS Motor Co.'s total two-wheeler sales rose 34% to 3.52 lakh units in November with strong growth in the domestic business.

The company sold 16,782 units of its electric scooter iQube, up from 10,056 units in November last year.

Sales Highlights (YoY):

• Total sales rose 31% to 3,64,231 units.

• Domestic two-wheeler sales rose 50% to 2,87,017 units.

• Two-wheeler exports fell 9.5% to 65,086 units.

• Three-wheeler sales fell 10% to 12,128 units.

Hyundai Motor India's sales growth moderated to 2.8% at 65,801 units in November on last year's high base. The company's sales dispatches to dealerships had grown 18.5% in October.

Sales Snapshots (YoY):

• Domestic sales rose 3% to 49,451 units.

• Exports rose 2.2% to 16,350 units.

Ashok Leyland Ltd.'s total dispatches to dealerships fell 3% to 14,053 units, with fall in the sales of medium and heavy commercial vehicles.

Sales Highlights (YoY):

• Total medium and heavy commercial vehicles sales fell 10% to 8,500 units.

• Light commercial vehicle sales rose 9% to 5,553 units.